Drilling & production

The company reported adjusted earnings of US$1.7 billion (US$0.90 per share - diluted) in 1Q21 compared to adjusted earnings of US$2.5 billion (US$1.31 per share - diluted) in 1Q20.

A paper published by LYTT advocates new, acoustic data-based methodologies to improve the diagnosis of well integrity issues and inform successful remediation and plug and abandonment strategies.

The company will acquire interests in four licences, two of which will be operated by the company, for a total initial headline cash consideration of US$9 million.

The scope of work includes the supply and installation of three drilling jackets and two new single well observation jackets/decks.

The company achieved adjusted earnings of US$5.47 billion and US$2.66 billion after tax in 1Q21.

Shell has announced a profit of of US$3.23 billion in the first three months of 2021.

Total reported an adjusted net income of US$3 billion for January-March, up 69% year-on-year, and 9% above 1Q19 levels.

Last year's production was over 75% less than the state’s peak production of more than 2 million bpd in 1988.

The exclusive partnership will enable easier access to downhole technologies from both companies.

BP has reported a profit of US$2.6 billion in 1Q21.

Equinor has completed the sale of its operated and non-operated acreage in the Bakken field in North Dakota and Montana to Grayson Mill Energy.

The total contract value is contingent on the final investment decision for the Bacalhau field, offshore Brazil.

The approximately US$9 billion West Nile Delta development includes five gas fields across the North Alexandria and West Mediterranean Deepwater offshore concession blocks in the Mediterranean Sea.

Successful commencement of Equinor's total project pipeline could see the company electrifying over 35% of its total oil and gas production base by 2025 through power from shore, according to GlobalData.

The Satellite Cluster field will produce gas from four reservoirs utilising a total of five wells and is expected to reach gas production of up to 6 million m3/d.